Boomer Venture Business Plan Competition $10,000 Prize

Written on February 13, 2008 by Amanda M. Gladden

Over 78 million baby boomers were born between 1946 and 1964 here in the United States, making up 28% of the U.S. market. Estimates are that this group accounts for 77% of all financial assets. According to the Boomer Venture website, this represents over $2 trillion in annual spending power, a very lucrative market to go after.

The 2008 Boomer Venture Business Plan contest aims to identify business plans or startup ventures that show business potential for this ever increasing market.

Purpose of Competition “to generate the best ideas from the best universities as well as tap into the business expertise and creativity of any entrepreneurs globally who are addressing the age 45+ market “.

Who Can Participate

Competition Timeline

Phase I
January 1 - April 25, 2008 Executive summary submissions accepted
April 25, 2008 Executive summaries due by 5:00 pm PDT (3-5 pages)

Phase II
May 2 , 2008 Semifinalists selected, all contestants notified
May 19, 2008 Semifinalists’ complete business plans due by 5:00 pm PDT
June 2, 2008 Finalists selected, all semifinalists notified

Phase III
June 17, 2008 Competition presentations - Grand Prize Winners selected.

What’s In It For You

Prizes

Publicity media exposure and access to networks of savvy entrepreneurs, investors, the private equity community

Feedback: invaluable feedback from panel members

Market Research: extensive materials on the size and demographics of the market, access to the top organizations touching the 45+ market (AARP, ASA, BFA, NCOA and others)

Other Perks: Eligibility to present your winning plan to the screening committee of Band of Angels, a group of angel investors based in Silicon Valley.

Further details and all the rules of the competition can be found at: http://www.scuboomerventure.com/competition/index.htm

Deadline to Apply : Friday, April 25, 2008, 5:00 pm PDT